Tepco records mixed results amid Fukushima costs, seeks recovery

Tokyo Electric Power Company (TEPCO) (TSE: 9501) announced its financial results for the fiscal year ended March 31, 2025, revealing a complex financial picture. While operating revenue decreased 1.6% YoY to JPY 6,810.3 billion, primarily due to lower fuel cost adjustments, the company recorded extraordinary gains and losses impacting overall profitability. Ordinary income fell 40.2% YoY to JPY 254.4 billion, and net income attributable to owners of the parent decreased 39.8% to JPY 161.2 billion. These declines stem from a negative turn in the time-lag from its fuel cost adjustment system.